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Assume that a company provided the following cost formulas for three of its expenses (where a refers to the number of hours worked): Rent (fixed) Supplies (variable) Utilities (mixed) $3,000 $4.709 $150 + $0.750 The company's planned level of activity was 2,000 hours and its actual level of activity was 1,850 hours. How much supplies expense would be incle in the flexible budget? Multiple Choice $8,995 $9,400 $8,695 $10,105 Assume that a company provided the following excerpts of Information from its flexible budget performance report: Actual Results 52 Flexible Planning Budget Budget ? ? Flights (9) Expenses : Wages and salaries ($4,000 + $88.00) $8,460 ? $8,400 What is the spending variance for wages and salaries expense? Multiple Choice $116 U $176 F $116 F $176 U Assume the following Information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or hours 5 pounds 2 hours 2 hours Standard Price or Rate $11.55 per pound $17.00 per hour $ 3.00 per hour Standard Cost $57.75 $34.00 $ 6.00 During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. . 8,000 direct labor-hours were recorded at a total cost of $132,000. . What is the direct materials quantity variance? Multiple Choice $5,250 U O $5,775 $5,250 F

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